This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. Its structure, featuring a dinitrophenyl group, makes it valuable in the development of dyes and pigments, where it contributes to color intensity and stability. Additionally, it is used in research settings for studying reaction mechanisms, particularly those involving nitroaromatic compounds. Its ester functionality also allows it to participate in various esterification and transesterification reactions, making it useful in the production of polymers and fine chemicals.